Financial Performance - Net income for the three months ended March 31, 2025, was $33.4 million, an increase of $2.2 million compared to $31.2 million for the same period in 2024, resulting in earnings per share of $0.87 versus $0.81[78]. - Noninterest income decreased by $2.4 million to $10.4 million for the three months ended March 31, 2025, mainly due to $2.3 million of realized losses from repositioning securities[81]. - The provision for income taxes increased by $0.4 million to $8.3 million for the three months ended March 31, 2025, with an effective tax rate of 19.9% compared to 20.2% for the same period in 2024[82]. Interest Income and Expenses - Net interest income remained relatively unchanged at $83.3 million for the three months ended March 31, 2025, compared to $83.5 million for the same period in 2024, with a net interest margin of 3.81% compared to 3.84%[79]. - Total interest and dividend income was $124.8 million for the three months ended March 31, 2025, down from $127.8 million in 2024, with interest expense decreasing from $44.3 million to $41.5 million[74]. - Interest income on an FTE basis decreased by $3.0 million for the three months ended March 31, 2025, primarily due to lower interest rates[88]. Credit Losses and Allowances - The provision for credit losses decreased by $5.6 million to negative $3.0 million for the three months ended March 31, 2025, primarily due to a lower level of allowance for credit losses (ACL) and a decrease in net loan charge-offs[80]. - The allowance for credit losses decreased to $99.0 million at the end of the period, reflecting net recoveries and charge-offs[109]. - Allowance for credit losses (ACL) decreased by $2.5 million to $99.0 million, or 1.26% of total portfolio loans, as of March 31, 2025, compared to 1.31% at December 31, 2024[111]. Asset and Equity Growth - Average shareholders' equity increased to $1.4 billion for the three months ended March 31, 2025, from $1.29 billion in 2024[75]. - Total shareholders' equity increased by $37.7 million to $1.4 billion at March 31, 2025, driven by net income of $33.4 million[100]. - The company reported assets of $9.7 billion as of March 31, 2025, operating primarily in Pennsylvania and Ohio[76]. Loans and Deposits - Average loans increased by $99.1 million for the three months ended March 31, 2025, compared to the same period in 2024[88]. - Customer deposits increased by $134.7 million to $7.7 billion at March 31, 2025, contributing to a reduction in higher-cost borrowings[99]. - Total deposits increased by $109.8 million, or 1.4%, to $7.89 billion at March 31, 2025, with customer deposits rising by $134.7 million, or 1.8%[114]. Borrowings and Liquidity - Total borrowings decreased by $55.0 million, or 22.0%, to $195.3 million at March 31, 2025, primarily due to strong growth in customer deposits[100]. - The company had total uninsured deposits of $2.7 billion, or 33.9% of the total deposit base, at March 31, 2025[115]. - As of March 31, 2025, S&T Bank had $923.1 million in highly liquid assets, resulting in a highly liquid assets to total assets ratio of 9.5%[124]. Capital Ratios - The leverage ratio improved to 12.09% at March 31, 2025, up from 11.98% at December 31, 2024, exceeding the regulatory guideline of 5.00%[125]. - The Common Equity Tier 1 ratio was 14.67% at March 31, 2025, compared to 14.58% at December 31, 2024, also above the regulatory guideline of 6.50%[125]. - The total capital to risk-weighted assets ratio was 16.57% at March 31, 2025, compared to 16.49% at December 31, 2024[126]. Strategic Priorities - Strategic priorities for 2025 include growing the deposit franchise, enhancing core profitability, and improving asset quality and talent engagement[77]. Market Risk and Sensitivity Analysis - The market risk stress test is performed at least annually to identify model assumptions that significantly impact pretax net interest income[133]. - Sensitivity analyses help identify which model assumptions have the greatest impact on pretax net interest income[133]. - EVE analyses indicate an improvement in the rates up scenarios and a decline in the rates down scenarios when comparing March 31, 2025, to December 31, 2024[132].

INDIANA, Pa., May 6, 2025 /PRNewswire/ -- S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, previously announced that after 12 years on S&T's board, Frank J. Palermo, Jr., has reached the mandatory retirement age set forth in their corporate governance guidelines and, therefore, will not stand for reelection. S&T thanks Palermo for his dedicated service and reports that he will serve out the remainder of his term until its expiration immediately following the May 13, 2025 Annual Meet ...

S&T Bancorp, Inc. (NASDAQ:STBA) Q1 2025 Earnings Conference Call April 24, 2025 1:00 PM ET Company Participants Mark Kochvar - Chief Financial Officer Chris McComish - Chief Executive Officer Dave Antolik - President Conference Call Participants Tyler Cacciatori - Stephens, Inc. Daniel Tamayo - Raymond James & Associates, Inc. Sharanjit Cheema - D.A. Davidson & Co. Mark Kochvar Welcome to the S&T Bancorp First Quarter 2025 Conference Call. After the management's remarks, there will be a question and answer ...

Core Insights - S&T Bancorp reported strong Q1 2025 results with earnings per share (EPS) of 87¢, net income of $33 million, and growth in customer deposits and loans, exceeding previous quarters and consensus estimates [2][3][8] - The company experienced a 7.23% annualized growth in customer deposits, marking the seventh consecutive quarter of expansion, primarily driven by consumer activities [4][9] - Loan growth was recorded at 4.89% annualized, with significant contributions from commercial real estate and construction sectors, while C&I loan balances declined by $20 million [5][9] Financial Performance - Net interest margin expanded by 4 basis points to 3.81% in Q1 2025, supported by a decrease in funding costs [2][10] - The allowance for credit losses decreased by approximately $2.5 million, ending the quarter at 1.26% of total loans, indicating improved asset quality [2][9] - The company completed $193.6 million in bond restructurings, projected to increase net interest income by about $5 million in 2025 [5][11] Growth Outlook - Management expressed confidence in mid-single-digit loan growth for the first half of 2025, with potential acceleration to high mid-single digits in the second half as newly hired bankers' pipelines materialize [3][4][9] - The commercial loan pipeline increased by nearly 40% since year-end 2024, indicating strong future growth potential [4][9] - The company anticipates crossing the $10 billion asset threshold organically in the second half of 2025 [5][14] Market Positioning - The company has been recognized for strong financial performance and superior employee engagement by organizations like Forbes and S&P [7][8] - The management team is focused on maintaining top-tier asset quality and profitability while navigating market uncertainties [8][29] - The company is actively recruiting C&I bankers to support pipeline expansion and organic growth [28][29]

S&T Bancorp (STBA) Q1 2025 Earnings Call April 24, 2025 01:00 PM ET Company Participants Mark Kochvar - CFOChristopher McComish - CEODave Antolik - President & DirectorTyler Cacciatori - AssociateDaniel Tamayo - Vice PresidentMark Kochvar - Senior EVP & CFOSharanjit Cheema - Equity Research Associate Operator Welcome to the S and T Bancorp First Quarter twenty twenty five Conference Call. After the management's remarks, there will be a question and answer session. Now, I would like to turn the call over to ...

S&T Bancorp (STBA) Q1 2025 Earnings Call April 24, 2025 01:00 PM ET Company Participants Mark Kochvar - CFOChristopher McComish - CEODave Antolik - President & DirectorTyler Cacciatori - AssociateDaniel Tamayo - Vice PresidentMark Kochvar - Senior EVP & CFOSharanjit Cheema - Equity Research Associate Operator Welcome to the S and T Bancorp First Quarter twenty twenty five Conference Call. After the management's remarks, there will be a question and answer session. Now, I would like to turn the call over to ...

First Quarter 2025 Earnings Supplement Many of these factors, as well as other factors, are described in our Annual Report on Form 10-K for the year ended December 31, 2023, including Part I, Item 1A-"Risk Factors" and any of our subsequent filings with the SEC. Forward-looking statements are based on beliefs and assumptions using information available at the time the statements are made. We caution you not to unduly rely on forward-looking statements because the assumptions, beliefs, expectations and proje ...

S&T Bancorp (STBA) reported $93.75 million in revenue for the quarter ended March 2025, representing a year-over-year decline of 2.7%. EPS of $0.87 for the same period compares to $0.81 a year ago.The reported revenue represents a surprise of -2.95% over the Zacks Consensus Estimate of $96.6 million. With the consensus EPS estimate being $0.74, the EPS surprise was +17.57%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

分组1 - S&T Bancorp reported quarterly earnings of $0.87 per share, exceeding the Zacks Consensus Estimate of $0.74 per share, and showing an increase from $0.81 per share a year ago, resulting in an earnings surprise of 17.57% [1] - The company posted revenues of $93.75 million for the quarter ended March 2025, which was 2.95% below the Zacks Consensus Estimate and a decrease from $96.31 million year-over-year [2] - S&T Bancorp has surpassed consensus EPS estimates in all four of the last quarters, while it has only topped consensus revenue estimates once in the same period [2] 分组2 - The stock has declined approximately 5.3% since the beginning of the year, compared to a decline of 8.6% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.77 on revenues of $98.1 million, and for the current fiscal year, it is $3.10 on revenues of $394.8 million [7] - The Zacks Industry Rank for Banks - Northeast is in the top 22% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - Net income for Q1 2025 was $33.4 million, or $0.87 per diluted share, compared to $33.1 million, or $0.86 per diluted share in Q4 2024[1] - Net income for Q1 2025 was $33,401,000, representing a slight increase of 1.0% from $33,065,000 in Q4 2024[16] - Diluted earnings per share for Q1 2025 rose to $0.87, up from $0.86 in Q4 2024, indicating a growth of 1.2%[16] Asset and Loan Growth - Total portfolio loans increased by $93.4 million, or 4.89% annualized, compared to December 31, 2024[3] - Total assets increased to $9,718,276,000 in Q1 2025, compared to $9,657,972,000 in Q4 2024, marking a growth of 0.6%[17] - Total deposits rose by $109.8 million, or 5.72% annualized, with customer deposit growth of $134.7 million, or 7.23% annualized[7] - Total deposits reached $7,892,933,000 in Q1 2025, an increase of 1.4% from $7,783,117,000 in Q4 2024[17] - Average interest-earning assets rose to $8,899,485 thousand in Q1 2025, compared to $8,860,338 thousand in Q4 2024[22] Profitability Ratios - Return on average assets (ROA) was 1.41%, return on average equity (ROE) was 9.67%, and return on average tangible equity (ROTE) was 13.29%, showing slight improvements from Q4 2024[3] - The return on average assets for Q1 2025 was 1.41%, up from 1.37% in Q4 2024, reflecting improved asset efficiency[16] - Return on average tangible shareholders' equity (non-GAAP) was 13.29% in Q1 2025, slightly up from 13.25% in Q4 2024[20] Nonperforming Assets and Credit Quality - Nonperforming assets decreased by $5.5 million to $22.4 million, or 0.29% of total loans plus other real estate owned (OREO)[3] - Total nonperforming assets decreased to $22,368 thousand in Q1 2025 from $27,945 thousand in Q4 2024, a reduction of 20.1%[19] - Total nonaccrual loans decreased to $22,339 thousand in Q1 2025 from $27,937 thousand in Q4 2024, representing a decline of 20.5%[19] - The allowance for credit losses (ACL) was $99.0 million, or 1.26% of total portfolio loans, down from 1.31% at the end of Q4 2024[5] - Allowance for credit losses to total portfolio loans was 1.26% in Q1 2025, down from 1.31% in Q4 2024[19] - Net loan charge-offs were ($27) thousand in Q1 2025, a significant improvement compared to ($58) thousand in Q4 2024[19] Income and Expense Analysis - Total interest and dividend income for Q1 2025 was $124,848,000, a decrease of 2.4% from Q4 2024's $127,879,000[16] - Net interest income after provision for credit losses increased to $86,363,000 in Q1 2025, compared to $85,720,000 in Q4 2024, reflecting a growth of 0.8%[16] - Total noninterest income decreased to $10,429,000 in Q1 2025, down 6.0% from $11,071,000 in Q4 2024[16] - Noninterest income decreased by $0.7 million to $10.4 million due to seasonally slower customer activity[6] Capital Position - The company maintains a strong regulatory capital position with all capital ratios above the well-capitalized thresholds[8] - Shareholders' equity as a percentage of total assets improved to 14.59% in Q1 2025, compared to 14.29% in Q4 2024, demonstrating stronger capital position[17] Efficiency Metrics - The efficiency ratio (FTE) for Q1 2025 was 56.99%, slightly higher than 56.93% in Q4 2024, indicating a marginal increase in operational costs relative to income[16] - Efficiency ratio (non-GAAP) was 56.99% in Q1 2025, slightly higher than 56.93% in Q4 2024[20] Interest Margin - Net interest margin (NIM) on a fully taxable equivalent basis increased by 4 basis points to 3.81% compared to 3.77% in Q4 2024[4] - Net interest margin (FTE) improved to 3.81% in Q1 2025 compared to 3.77% in Q4 2024[22] Tangible Book Value - Tangible book value increased to $27.24 in Q1 2025, up from $26.25 in Q4 2024, reflecting a growth of 3.8%[20]